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Eurozone and UK Government T-bill Auction Calendar

By Tim Cooper
     LONDON, NOVEMBER 16 (MNI) - Below are the known dates for auctions of
Eurozone and U.K. T-bills until the end of Nov 2018.
       TIME                                                  MATURITY
DATE    GMT      COUNTRY            AMOUNT          TERM         DATE    COMMENT
--------------------------------------------------------------------------------
19                                                            Feb 20,
Nov    1455       France   E2.6bln-E3.0bln       3-month         2019    Re-open
19                                                            Apr 10,
Nov    1455       France   E0.7bln-E1.1bln       6-month         2019    Re-open
19                                                            Jun 11,
Nov    1455       France   E0.6bln-E1.0bln      12-month         2019    Re-open
19                                                            Apr 30,
Nov    0910  Netherlands   E1.0bln-E2.0bln       6-month         2019    Re-open
20                                                            Feb 15,
Nov    1040        Spain        TBA Nov 19       3-month         2019    Re-open
20                                                            Aug 16,
Nov    1040        Spain        TBA Nov 19       9-month         2019    Re-open
20                                                            May 23,
Nov                  ESM           E2.0bln       6-month         2019        New
21                                                            May 17,
Nov             Portugal  E1.25bln-E1.5bln       6-month         2019    Re-open
21                                                            Nov 22,
Nov             Portugal                ""      12-month         2019        New
23
Nov    1000           UK        TBA Nov 19
26                                                            Feb 13,
Nov    1030      Germany           E2.0bln       3-month         2019    Re-open
26                                                                       TBA Nov
Nov    1455       France                    3/6/12-month                      23
28                                                                       TBA Nov
Nov    1005        Italy                         6-month                      23
30
Nov    1000           UK
03                                                            Jun 19,
Dec    1030      Germany           E2.0bln       6-month         2019
03                                                                       TBA Nov
Dec    1455       France                    3/6/12-month                      30
04
Dec    1130          ESM                         3-month
07                                                            Jun 14,
Dec    1040        Spain                         6-month         2019
07
Dec    1040        Spain                        12-month  Dec 6, 2019
10
Dec    1455       France                    3/6/12-month               TBA Dec 7
11
Dec    1030      Belgium                        12-month  Nov 7, 2019  TBA 9 Dec
13                                                                       TBA Dec
Dec    0910      Ireland                                                      10
14
Dec    1040        Spain                         3-month  Mar 8, 2019
14                                                            Sep 13,
Dec    1040        Spain                         9-month         2019
17                                                                       TBA Dec
Dec    1455       France                    3/6/12-month                      14
24                                                                       TBA Dec
Dec    1455       France                    3/6/12-month                      21
18                                                            Jul 12,
Jan    1040        Spain                         6-month         2019
18                                                            Jan 17,
Jan    1040        Spain                        12-month         2020
25                                                            Apr 15,
Jan    1040        Spain                         3-month         2019
25                                                            Oct 11,
Jan    1040        Spain                         9-month         2019
     * In its update 2019 financing update France's Agency France Tresor (AFT)
said the number of BTF's outstanding will remain stable 
     * Italy finance ministry said that 3-month Bills will only be issued for
specific cash needs and would be held on the 12-month BOT auction dates.
Furthermore "flexible" Bills may also be issued.
     * Netherland's Dutch State Treasury Agency (DSTA) estimate on the money
market will average between E24.4bln and E29.4bln to be funded mainly through
Treasury Certificates (DTCs) and Commercial Paper (CP).
     * Belgium plan to decrease net short term debt by E1bln in 2018, with the
volume of T-bills outstanding expected to remain at E25.3bln.
     * Portugal says in 2018 issuance of BT should have no impact in net
financing. The strategy of issuing along the full curve will be maintained
combining a short-term Bill with a longer tenor.
--MNI London Bureau; +44 203 865 3806; email: ben.franklin@marketnews.com

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